Meritage Homes CORP (New York Stock Exchange:MTH)
Insiders here have filed 2 Form 4s in the last 90 days, but all of them are share awards, grants or other non-market transactions. Those are compensation, not a decision to buy, so they are not scored.
Profitable, but on a thin margin.
- Revenue
- $5.20B
- Net income
- $297.8M
- Net margin
- 5.7%
Heavily indebted for what it earns.
- Total debt
- $1.85B
- Cash
- $677.5M
- Net debt / EBITDA
- 2.54x
Comfortably covers what is due within a year.
- Current assets
- $7.21B
- Current liabilities
- $693.5M
- Current ratio
- 10.39
The business funds itself from operations.
- Operating cash flow
- $503.2M
- Free cash flow
- $483.7M
- FCF margin
- 9.3%
Not funding itself by issuing shares.
- Shares outstanding
- 64.7M
- Share growth (1y)
- -8.5%
Five pillars — profitability, leverage, liquidity, cash generation, dilution & runway — each scored 0–20 from the company’s own income statement, balance sheet and cash-flow statement, then scaled to 100. A pillar the statements cannot answer is left out rather than guessed; fewer than three and no score is shown.
MTH Income Statement
| Fiscal Period | Q3 2026 | Q2 2026 | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 |
|---|---|---|---|---|---|---|
| Period Ending | Sep 30, 2026 | Jun 30, 2026 | Mar 31, 2026 | Dec 31, 2025 | Sep 30, 2025 | Jun 30, 2025 |
| Revenue | $1.17 B | $1.47 B | $1.12 B | $1.44 B | $1.42 B | $1.63 B |
| Revenue Growth (YoY) | -17.96 % | -9.92 % | -17.67 % | -11.47 % | -10.79 % | -4.03 % |
| Cost of Revenue | $965.70 M | $1.14 B | $923.38 M | $1.20 B | $1.15 B | $1.29 B |
| Gross Profit | $202.73 M | $328.20 M | $196.19 M | $235.26 M | $271.63 M | $346.22 M |
| SG&A Expense | $127.61 M | $144.19 M | $51.40 M | $148.93 M | $151.51 M | $164.01 M |
| R&D Expense | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Expenses | $127.61 M | $144.19 M | $130.87 M | $148.93 M | $151.51 M | $164.01 M |
| Operating Income | $75.12 M | $184.01 M | $65.32 M | $86.33 M | $120.12 M | $182.21 M |
| Pretax Income | $84.81 M | $120.56 M | $72.52 M | $103.13 M | $128.25 M | $193.06 M |
| Tax Provision | $17.03 M | $29.93 M | $17.21 M | $19.10 M | $28.95 M | $46.18 M |
| Net Income | $67.78 M | $90.63 M | $55.31 M | $84.03 M | $99.30 M | $146.88 M |
| EPS (Basic) | $1.05 | $1.37 | $0.82 | $1.21 | $1.40 | $2.05 |
| EPS (Diluted) | $1.04 | $1.37 | $0.82 | $1.20 | $1.39 | $2.04 |
| Shares Outstanding | 64.70 M | 66.57 M | 67.37 M | 69.25 M | 70.68 M | 71.68 M |
Quarterly figures; YoY compares the same fiscal quarter a year earlier. Source: public market data.